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East West Banking (PHS:EW) Cyclically Adjusted FCF per Share : ₱2.17 (As of Mar. 2024)


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What is East West Banking Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

East West Banking's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-6.007. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₱2.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, East West Banking's average Cyclically Adjusted FCF Growth Rate was -37.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of East West Banking was 2.70% per year. The lowest was 2.70% per year. And the median was 2.70% per year.

As of today (2024-06-04), East West Banking's current stock price is ₱9.07. East West Banking's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱2.17. East West Banking's Cyclically Adjusted Price-to-FCF of today is 4.18.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of East West Banking was 18.64. The lowest was 1.14. And the median was 2.58.


East West Banking Cyclically Adjusted FCF per Share Historical Data

The historical data trend for East West Banking's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

East West Banking Cyclically Adjusted FCF per Share Chart

East West Banking Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.94 4.07 3.45 3.18

East West Banking Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.46 2.69 3.34 3.18 2.17

Competitive Comparison of East West Banking's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, East West Banking's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


East West Banking's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, East West Banking's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where East West Banking's Cyclically Adjusted Price-to-FCF falls into.



East West Banking Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, East West Banking's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-6.007/131.7762*131.7762
=-6.007

Current CPI (Mar. 2024) = 131.7762.

East West Banking Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.514 100.560 -0.674
201409 -4.594 100.428 -6.028
201412 2.417 99.070 3.215
201503 0.826 99.621 1.093
201506 4.438 100.684 5.809
201509 -4.166 100.392 -5.468
201512 0.869 99.792 1.148
201603 -1.243 100.470 -1.630
201606 2.875 101.688 3.726
201609 2.503 101.861 3.238
201612 3.808 101.863 4.926
201703 -7.035 102.862 -9.012
201706 5.911 103.349 7.537
201709 -1.570 104.136 -1.987
201712 -0.478 104.011 -0.606
201803 1.664 105.290 2.083
201806 1.658 106.317 2.055
201809 -3.904 106.507 -4.830
201812 1.658 105.998 2.061
201903 -0.254 107.251 -0.312
201906 -4.198 108.070 -5.119
201909 -6.806 108.329 -8.279
201912 6.252 108.420 7.599
202003 1.387 108.902 1.678
202006 7.042 108.767 8.532
202009 11.915 109.815 14.298
202012 6.236 109.897 7.478
202103 -4.048 111.754 -4.773
202106 7.831 114.631 9.002
202109 1.114 115.734 1.268
202112 7.345 117.630 8.228
202203 -1.045 121.301 -1.135
202206 1.546 125.017 1.630
202209 -13.819 125.227 -14.542
202212 -1.117 125.222 -1.175
202303 -4.521 127.348 -4.678
202306 -1.244 128.729 -1.273
202309 -1.910 129.860 -1.938
202312 4.444 129.419 4.525
202403 -6.007 131.776 -6.007

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


East West Banking  (PHS:EW) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

East West Banking's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.07/2.17
=4.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of East West Banking was 18.64. The lowest was 1.14. And the median was 2.58.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


East West Banking Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of East West Banking's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


East West Banking (PHS:EW) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5th Avenue Corner, 23rd Street, The Beaufort, Fort Bonifacio Global City, Taguig, PHL, 1634
East West Banking Corporation is a commercial bank providing financial services in the Philippines. The bank generates all revenue domestically. The bank operates through four segments: The retail banking segment offers traditional branch banking products and services such as deposits, back-to-back/emerging market loans, and other over-the-counter (OTC) transactions, The corporate banking segment handles lending and trade financing for both large corporations and middle-market clients, The consumer banking segment caters to loans for individuals, and Treasury and Trust segment consists of Treasury and Trust operations of the Group. The company derives the majority of its revenue from the consumer banking segment.